Sponge (SPONGEUSDT) Price: Buyers Are Pushing Higher

Azeez Mustapha


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Buyers’ momentum increases

SPONGEUSDT Price Analysis – 18 December

The bullish trend will get stronger once Sponge breaks above the $0.000403 resistance level and before the $0.000502 and $0.000604 barrier levels. If bulls continue to push, the price may soar above $0.000502 in the process


Key levels:

Resistance levels: $0.000403, $0.000502, $0.000604

Support levels: $0.000330, $0.000262, $0.000196

SPONGEUSDT Long-term Trend: Bullish

The daily chart shows that the SPONGEUSDT is in the green. Sponge’s price is maintained above $0.0003330 to provide investors with more options. In addition, to lowers the cost of Sponge for a broad audience. As of right now, the price is less than $0.000403. They will benefit from the impending upward trend in the SPONGEUSDT market. The current high resistance levels will swiftly revert to support levels in the case of a bullish breakout at the $0.000403 level.

The price is about to break through the 9- and 21-period moving averages. The bullish trend will get stronger once the price breaks above the $0.000403 resistance level and before the $0.000502 and $0.000604 barrier levels. If bulls continue to push, the price may soar above $0.000502 in the process.

SPONGEUSDT medium-term Trend: Bullish

SPONGEUSDT is the ideal option for shorter periods. The price trend reversed course on December 07 and achieved the $0.000403 resistance level after reaching the $0.000262 support level. The price increased as a result of buyers’ momentum when more clients were attracted. The price of the coin rises towards the $0.000403 level as more investors buy it due to the $0.000196 support level.

The price of sponge will increase as demand does. The signal lines at 48 in the relative strength index period 14 show a purchase indication.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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